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The Parker in Portland, Oregon
Investment SalesNewsOregonWestern

Waterton Acquires 177-Unit The Parker in Portland, Oregon

by Channing Hamilton

PORTLAND, ORE. — Waterton has acquired The Parker, a 177-unit community in Portland. The Parker rises six stories in the Pearl District, one mile north of Downtown Portland. The community offers one- and two-bedroom apartments, as well as amenities including an outdoor courtyard with grilling stations, a fitness center, a dog wash station, bike storage and a community room with a kitchen and business center. Waterton plans to renovate units with new backsplashes and flooring, lighting and plumbing fixtures, cabinets, shades and mirrors.

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4229 North 17th Street in Phoenix
ArizonaInvestment SalesNewsWestern

ABI Multifamily Brokers $2.2 Million Sale of Community in Phoenix

by Channing Hamilton

PHOENIX — ABI Multifamily has brokered the $2.2 million sale of an eight-unit property at 4229 North 17th St. in Phoenix. The buyer and seller are based in Arizona. Mitchell Drake, Dallin Hammond and Carson Griesemer represented the seller in this transaction. The property was originally built in 1982 and was renovated in 2020. Interior renovations include contemporary cabinets, stainless-steel appliances, vinyl flooring, floating bathroom vanities and more. Units come in two-bedroom layouts. Exterior renovations include a dog run, community patio grill and picnic area. 4229 North 17th St. is …

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Slate at Fishers in Fishers, Indiana
DevelopmentIndianaMidwestNews

Thompson Thrift Opens Slate at Fishers District in Indianapolis Suburb

by Channing Hamilton

FISHERS, IND. — Thompson Thrift has opened Slate at Fishers District, a 242-unit build-to-rent community in the Indianapolis suburb of Fishers. Located on a 25 acre site adjacent to the Fishers District shopping center, Slate at Fishers District offers one-, two- and three-bedroom villas, as well as three- and four-bedroom townhomes. Amenities include a clubhouse, fitness center, pool with cabanas, dog parks and pet spas. The community’s first residents began moving in during May. The property is currently still under construction and is slated for completion in early 2024.

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Affordable HousingDevelopmentMassachusettsNewsNortheast

Beacon Communities Break Ground on Pok Oi in Boston’s Chinatown Neighborhood

by Channing Hamilton

BOSTON — Beacon Communities and the Chinese Consolidated Benevolent Association of New England have broken ground on Pok Oi, an 85-unit affordable community in Boston’s Chinatown neighborhood. Pok Oi will offer one-, two- and three bedroom units. The project is financed in part through the Low-Income Housing Tax Credit program. Income restrictions for the complex were not disclosed.

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ArkansasFinanceInvestment SalesNewsSoutheast

Greystone Arranges $50 Million to Acquire Fountaine Bleau in North Little Rock, Arkansas

by Channing Hamilton

NORTH LITTLE ROCK, ARKANSAS — Greystone has arranged a $50 million loan for the acquisition of Fountaine Bleau, a 435-unit complex in North Little Rock. Greystone’s Dan Sacks and Avi Kozlowski originated the Fannie Mae Delegated Underwriting and Servicing loan. David Singer of Callaway Capital acted as correspondent on the transaction. Fountaine Bleau comprises 18 buildings on a 20-acre site. The community offers one-, two- and three-bedroom units. The buyer plans to renovate the property with energy- and water-saving features such as new thermostats, lighting, washing machines, faucets and showerheads, …

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The Place at Catherine Way in Manchester, Connecticut
ConnecticutInvestment SalesNewsNortheast

IPA Brokers Sale of The Place at Catherine’s Way in Manchester, Connecticut

by Channing Hamilton

MANCHESTER, CONN. — Afton Properties acquired The Place at Catherine’s Way, a 303-unit community in the Hartford, Connecticut suburb of Manchester, from Beachwold Residential for an undisclosed price. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller in the transaction. Built between 1998 and 1999, The Place at Catherine’s Way comprises 13 buildings. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, sauna, steam room, fitness center, tennis courts and movie theater.

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Third Thyme in Los Angeles
CaliforniaFinanceNewsWestern

JLL Arranges $11.8 Million Financing for Affordable Housing Community in Los Angeles

by Channing Hamilton

LOS ANGELES — JLL Capital Markets has arranged $11.8 million in forward permanent financing for Third Thyme, a 104-unit affordable community in Los Angeles. Anson Snyder led the team that secured the 15-year, fixed-rate Freddie Mac loan on behalf of the borrower, West Hollywood Community Housing Corp. The loan will be serviced by JLL Real Estate Capital. Third Thyme is located at 1441 W. 3rd St. on a 14,866-square-foot site. The property will utilize 9 percent Low-Income Housing Tax Credit and public funds. Income restrictions were not disclosed.

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Unnamed project in the Grand at Aliana shopping center in Katy, Texas.
DevelopmentNewsTexas

NewQuest Residential to Break Ground on $62 Million Apartment Project in Katy, Texas

by Channing Hamilton

KATY, TEXAS — NewQuest Residential will begin construction on a $62 million development in the Houston suburb of Katy this September. The property is located on an 11-acre site in the Grand at Aliana shopping center. The project will comprise 294 units across 11 residential buildings, as well as a clubhouse. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, business center with co-working space and conference room, event space, grilling stations, an outdoor lounge and a dog park. Humphreys & …

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Signature Ridge in San Antonio
Investment SalesNewsTexas

Newmark Arranges Sale of 612-Unit Signature Ridge in San Antonio

by Channing Hamilton

SAN ANTONIO — Newmark has brokered the sale of Signature Ridge, a complex in San Antonio’s South Texas Medical Center/USAA employment hub. Patton Jones, Matt Michelson and Andrew Dickson represented the undisclosed seller. Braden Harmon and Hank Glasgow arranged the debt financing on behalf of the buyer. Signature Ridge offers 612 units in one-, two- and three-bedroom floor plans. Amenities include a fitness center, dog park, two pools and a clubhouse with a full kitchen and arcade area. 

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921-927 S. Trident St. in Anaheim, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $4.3 Million Sale of a 12-Unit Property in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — CBRE has arranged the sale of a 12-unit property at 921-927 S. Trident St. in Anaheim. The property traded hands between two private investors in a 1031 exchange. Dan Blackwell, Andrew Boukather and Sean Farag represented the buyer in the transaction. The property was constructed in 1962 and comprises two buildings on a 0.4-acre site. Units come in two- and three-bedroom layouts. Units were recently renovated with new baseboards and blinds, updated showers, plank flooring and new cabinets and countertops.

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